We could have gone with a 203k instead of your client’s offer, but chose the cash for obvious reasons as timing is critical to my clients and they are counting on the closing this Thursday, June 18th.It’s a shame your folks do not have a contractor relationship who understands how to create a quality product, while ensuring an investor gains a healthy return on their investment.

In Real Estate as in any industry that involves sales you are going to get teasers, people making it seem impossibly good like offering an 8 unit apartment building for $39,000.00 Who would not love to buy at that price but when you call they tell you , " Oh that was a typo and the building is really 1,039,000.00.I have found wholesalers much like most regular real estate agents do not provide accurate ARV, repair figures or potential gains figures, they also will put in a disclaimer that there is not guarantee of accuracy and buyer is responsible to do their own diligence. 

Usually, the smaller Title companies will run the search for free to try and gain business.

Should I continue my due diligence, since I’m just learning and I can gain a wealth of experience in the process or do I let this one go?

My remaining issue is the tax implications of owning the property, I have the property tax covered with the calculator but I am concerned about the capitol gains tax.

It is a way to defer your capital gains tax on a home sale.  

Just signed up for biggerpockets to help gain valuable knowledge in the real estate and landlord topics.

Thanks to everyone in this community for the wealth of knowledge I have gained from you.  

The strategy has been gaining popularity thanks to the numerous benefits of rent to own for each party in the transaction.

The typical calculators don't account for the fact that I need to live somewhere, would be paying holding costs such as utilities anyways, or that I won't be paying taxes on the gain (Yay owner occupant!).